Jacobs beats quarterly results on higher infrastructure services demand

May 6 (Reuters) - Engineering services provider Jacobs Solutions J.N on Tuesday beat Wall Street estimates for second-quarter profit and revenue, led by higher sales in its larger Infrastructure & Advanced Facilities segment.

The segment, which caters to the utilities, infrastructure and biopharmaceutical end markets, benefited from strong demand from clients in the life sciences, transportation and energy sectors.

The company's total revenue rose 2.2% to $2.91 billion in the reported quarter from a year ago, compared with analysts' average estimate of $2.18 billion, according to data compiled by LSEG.

Adjusted profit came in at $1.43 per share in the quarter ended March 28, beating estimates of $1.39.

Jacobs is involved in offering a wide array of technical, professional and construction services to clients in the industrial, commercial and governmental sectors.

The company stands to benefit from the push for reshoring manufacturing and business in the U.S. under the Trump administration, as companies look to shift global supply chains in response to ongoing tariff pressures.

It posted a 20% year-over-year rise in second quarter backlogs and a book-to-bill ratio of 1.1x which suggests higher demand as more bookings were received than billed.

"As we look ahead to the second half of the fiscal year, we continue to see tailwinds in both segments from robust bookings as well as a healthy pipeline of opportunities across our end markets," said CEO Bob Pragada.

Jacobs maintains its annual adjusted net revenue forecast to grow mid-to-high single digits over fiscal 2024, and adjusted profit to range from $5.85 to $6.20 per share.